Okay, let us take a wild guess!
You want to pursue an MBA in Australia.
You are wondering whether it will be worth investing the money this degree requires.
So, now you want to know your MBA salary in Australia and find out whether or not there’s a good ROI in it.
Did we guess it right?
Then isn’t this your lucky day! Because we have a new for you! Depending on many other factors, which we will be discussing later, you can earn as much as ₹1 Crore through MBA jobs in Australia!
That’s right! So, let’s find out what all opportunities await you providing a good MBA salary in Australia and how you can grab them.
Life After an MBA in Australia
As of 2019, Indians make over 14% of the international student population in Australia, second only to China.
As for the graduate employability rates in Australia, the latest QS world rankings are one source for you to get an understanding of the situation.
If considering the top 10 universities with the best global employability in the world, two Australian universities have made it to the list.
According to the official surveys by the Department of Education, Australian Govt., the employability rate for postgraduates, who are currently working in the country, is 89%.
Have a look at the image below to get more data on the same.
Now, a question, the answer to which, every prospective student looks for – “Will the jobs after MBA in Australia get me good ROI?”
And the answer? See for yourself. This is what an official survey taken of international students in Australia says –
Now, what if you’re employed outside of Australia after completing your MBA? Would your connections or experience of studying in the country still be of any use? Here’s what the survey has to say about the same.
What Skills Do You Need for MBA Jobs in Australia?
It is imperative that you hone your management skills to get the best jobs after your MBA in Australia.
But, what are all these skills? And will your degree help you with those skills?
In a survey, 74% of ex-, international graduates, said that their degrees were of great value for the intended workplace.
Now, what are these skills that you absolutely need to get a good MBA salary in Australia? Have a look.
Communication/ English Language Skills
As evident by the survey above, if you wish to work in Australia after your MBA, you must have a good command of your English speaking and writing skills.
Now, you must be thinking that you anyway pass English language tests to get admission to the intended university. That should be enough.
Unfortunately, your scores are not what counts when you are working amongst natives in a country with English as the official language.
In fact, one of the major employability issues concerning international students in the country is their weak cross-cultural communications skills, including English speaking skills.
So, make local friends during your degree. Build connections that are not only good for your professional career but for your English language skills too. This will also help build your confidence in communicating with natives.
But, English isn’t enough to make your communication skills strong. You also need to learn things like negotiation, public speaking, active listening, emotional intelligence, conflict resolution, etc.
Entrepreneurial Skills
The world of business is in constant change and if you want to keep up with it, you need to mould yourself to fit in that change.
“Survival of the fittest.”
That will be your mantra to get a high MBA salary in Australia. So, you must have a strategic vision and the ability to cultivate a culture that empowers creative ideas.
Grab every opportunity you get during your MBA to sharpen your productivity, creativity and solution-finding skills.
Leadership/ Management Skills
You are or have pursued an MBA. So, it would be stating the obvious that you would be expected to have management and leadership skills. And that these skills will take you to the position of a leader in an organisation.
There are many tips, books, and content pieces out there teaching you how to be a great leader. But the crux of it all is to create a vision that helps uplift and motivate your team members towards a shared goal.
During your MBA, get involved in group projects. Learn from your group leaders, and if the opportunity presents itself, lead your group and learn from your experiences.
Research and Analysis Skills
Being in a leadership position, knowing how to resolve a problem at the earliest and in the most effective way could be one of your daily tasks.
Even during your interviews, you would be given assignments or situations where you are required to analyse the details, research and then provide solutions.
Good thing that an MBA in Australia includes a curriculum that helps you in understanding data, creating solutions, filtering information, managing change, etc.
What’s an MBA Salary in Australia?
We could give you a range of initial average MBA salaries in Australia. But, whether or not that number will become your future is a matter of individual competencies.
There are several factors that come into play while bagging a handsome salary package. It depends on –
- Your personal skills,
- Your employer,
- Your field or specialisation,
- The location of your employer,
- The offered role, etc
You can check out salaries for different roles and specialisations to get a better idea.
Highest Paying Roles for MBA Jobs in Australia
Here are some roles with high-paying MBA salaries in Australia.
| Job Roles | Median Salary in AUD | Median Salary in INR (approx.) |
| Marketing Manager | AUD 103,000 | ₹ 57.2 L |
| CEO | AUD 192,252 | ₹ 1.06 C |
| General Operations Manager | AUD 128,463 | ₹ 71.36 L |
| Project Manager | AUD 110,918 | ₹ 61.61 L |
| Sr. Business Analyst | AUD 111,596 | ₹ 61.99 L |
| Operations Manager | AUD 105,848 | ₹ 58.79 L |
| Analyst Manager | AUD 118,820 | ₹ 66 L |
| Data Scientist | AUD 99,510 | ₹ 55.27 L |
| Management Consultant | AUD 114,000 | ₹ 63.32 L |
| Human Resource | AUD 90,000 | ₹ 49.99 L |
| Risk Analyst | AUD 104,000 | ₹ 57.75 L |
Source: Payscale
Highest Paying MBA Specialisations in Australia
Here are some top paying MBA specialisations for you to explore –
| MBA Specialisations | Top Job Titles in the Field | Average Salary Range (in AUD) | Average Salary Range (in ₹) |
| Finance | Chief Financial Officer (CFO), Financial Analyst, etc | AUD 86,392 – AUD 193,000 | ₹ 47.9 L – 1.07 Cr |
| Technology | Chief Technical Officer (CTO), Computer Systems Analyst, Chief Information Officer (CIO), Information Technology Director, etc. | AUD 89,000 – AUD 209,000 | ₹ 49.38 L – 1.15 Cr |
| Healthcare | Health Services Manager, Medical Administrator, Primary Health Organisation Manager, etc | AUD 99,688 – AUD 105,362 | ₹ 55.32 L – 58.45 L |
| Marketing | Marketing Manager, Marketing Analyst, etc | AUD 100,000 – AUD 127,560 | ₹ 55.48 L – 70.77 L |
Source: Victoria University
Top Universities for Good MBA Salary in Australia
The university you choose for your MBA matters. Your university’s connections, the kind of recruiters that visit your school and the average package offered to its students play a significant role in your MBA salary in Australia.
So, as per the latest rankings, here are some Australian universities with high ROI for an MBA.
| Top MBA Universities | Average Salary Offered |
| University of Queensland Business School | ₹ 1.12 Cr |
| MGSM Macquarie Graduate School of Management | ₹ 85.15 L |
| University of Western Australia Business School | ₹ 76.36 L |
| Monash University: Monash Business School | ₹ 74.17 L |
| Deakin University – Deakin Business School | ₹ 73.07 L |
| Melbourne Business School | ₹ 68.67 L |
| University of New South Wales: Australian Graduate School of Management (AGSM) | ₹ 65.92 L |
| The University of Sydney Business School | ₹ 61.53 L |
| Australian National University (ANU) | ₹ 54.39 L |
Wondering whether these are the right fit for you? Then let us help you find what’s best for you!
How to choose the right MBA College in Australia?
That is a big question: how to decide about a university that will offer the best education and opportunity for the best MBA fresher jobs in Australia?
From India, thousands of miles away, it is impossible to know. Let’s say a couple of your friends and cousins have received MBA finance jobs in Australia or MBA HR jobs in Australia after graduation. It is too small a sample to offer correct feedback.
That is why we have created SelectRight to help you.
We help you find the best universities that can give your most lucrative RoI for you, and also help you achieve your career goals.
Key Features of SelectRight:
- AI-Powered search algorithm analyzes 40,000+ programs across 4,000+ universities, using 8 million data points for best-fit options.
- Encourages choosing programs with better loan options for optimal funding.
- We connect you with student mentors for unbiased advice.
Join 60,000 Indian students who found their dream uni. Click here to begin.
Clutter, or SelectRight? You choose.
Career opportunities after MBA in Australia
There are plenty of jobs for MBA graduates in Australia. The economy offers diverse opportunities for career growth and advancement. Let’s delve into some of the key job opportunities for MBA graduates in Australia.
Financial Analyst
As a financial analyst, you’ll play a crucial role in analyzing financial data, and evaluating investment opportunities. This is a lucrative profession for those seeking MBA finance jobs in Australia. The average annual salary for financial analysts in Australia ranges from AUD 80,000 to AUD 100,000.
Marketing Manager
Marketing managers are necessary for developing and executing marketing strategies.
With competitive salaries ranging from AUD 75,000 to AUD 110,000 per year, this role presents attractive opportunities for those seeking jobs after MBA in Australia.
Human Resources Manager
HR managers are responsible for talent management, including recruitment, and employee relations.With average annual salaries ranging from AUD 75,000 to AUD 100,000, pursuing a career as an HR manager offers good work-life balance. This is one of the least stressful jobs for MBA graduates in Australia.
IT Manager
IT managers play a pivotal role in driving technological innovation. They manage IT systems, and ensure seamless operations. Their compensation is high and range from AUD 90,000 to AUD 130,000. This role presents brilliant job opportunities for MBA graduates in Australia who have a keen interest in technology.
Financing education in Australia
Education in Australia can cost AUD 60,000 per year. That translates to slightly more than ₹32 lakhs.
A student loan is the most obvious mechanism for students to finance their education However, loan-search can be frustrating. One of the main problems is that you have to visit from branch to branch and submit documents again and again.
That is why we have created FundRight. Here, you can apply for educational loans without the hassle and legwork.
How does it work?
- Visit FundRight
- Set up a profile
- Upload documents
- Take advice from our experts
- Get a loan in a week.
Why wait? FundRight can get you loan offers in just 2 days. Apply today.
Requirements for doing a job in Australia
If you’re an Indian seeking job opportunities for MBA graduates in Australia, here’s a concise guide to help you:
- Work Visa: Obtain a valid work visa for MBA fresher jobs in Australia.
- Skills and Qualifications: Ensure you have the necessary skills and qualifications for your desired job.
- English Language Proficiency: Demonstrate proficiency in English through language tests like IELTS or TOEFL.
- Health and Character Checks: Undergo health examinations and provide police clearance certificates.
- Employer Sponsorship: Secure a job offer from an Australian employer willing to sponsor your visa.
- Tax File Number (TFN): Apply for a Tax File Number (TFN) from the Australian Taxation Office (ATO).
- Workplace Rights and Regulations: Understand Australian workplace rights, including minimum wage laws and safety standards.
Top Recruiters Offering High MBA Salary in Australia
For different fields or areas of specialisations, here are some top recruiters that you may come across while getting an MBA job in Australia.
| Fields | Recruiters | Initial Package Offered |
| Human Resource Management | Hays | AUD 90,000 |
| Randstad Australia | AUD 84,000 | |
| Atherton | AUD 80,000 | |
| West Recruitment | AUD 92,000 | |
| World Courier | AUD 92,000 | |
| Finance | Allianz | AUD 48,000 – 85,000 |
| Commonwealth Bank of Australia | AUD 87,000 – 164,000 | |
| Westpac Banking Corp. | AUD 62,000 – 110,000 | |
| Cognizant | AUD 67,000 – 111,000 | |
| Deloitte Consulting LLP | AUD 65,000 – 110,000 | |
| Marketing | Westpac Banking Corp. | AUD 103,000 |
| Telstra Corp. Ltd. | AUD 87,000 – 202,000 | |
| ANZ | AUD 81,000 – 143,000 | |
| ASC_PTY Ltd | AUD 79,000 – 176,000 |
How to find a job in Australia?
If you’re looking to find a job for MBA graduates in Australia, we have some strategies to share:
- You have completed your degree. Now you are looking for jobs for MBA graduates in Australia. The first step is to create a CV. Remember CVs are first read by software. Make sure the CV is Applicant Tracking System compliant.
- Find employment opportunities. There are many popular employment sites in Australia that you can check out. Some of them include – CareerOne, Seek, Adzuna, etc.
Make good connections with your professors and people you meet during industry visits or through guest lectures. They are likely to recommend you for some exciting opportunities.
- Why not take the initiative? Instead of wondering how to get a job in Australia after MBA, start applying to a few MNCs. Indian IT majors such as Infosys, Wipro, Tata Consultancy Services are present. You can also work for major multinationals such as Rio Tinto and Westpac Banking Corporation.
Frequently Asked Questions About Jobs After MBA in Australia
Question 1: How much MBA salary can I get in Australia?
Ans: Depending upon your skills, specialisation, employer, location, and many such factors, your MBA salary in Australia can vary anywhere from AUD 50,000 to AUD 200,000.
Question 2: What’s the Temporary Skill Shortage (Subclass 482) Visa for Australia?
Ans: This is a short-term visa that the Australian Govt. has introduced to cater to the shortage of skills in the country. If you are eligible, you will be able to work for up to 4 years in the country through this visa.
Question 3: I want to apply for a PR in Australia after completing my course. Can I do that?
Ans: Yes, you can get a PR in Australia through different avenues that the country provides to a skilled international worker. Some avenues include RSMS (Regional Sponsored Nomination Scheme), ENS (Employer Nomination Scheme), GSM (General Skilled Migration), etc.
Is it permitted to work while studying in Australia?
You need a subclass 500 visa to work while studying. This is earning while you learn.
International students can work up to 40 hours per fortnight (approximately 20 hours per week) during study periods.
However, during study breaks, there are no work restrictions. After graduation you can apply for jobs for MBA graduates in Australia.
Is it possible to travel while holding an Australian student visa?
As an international student studying in Australia, there are no restrictions upon your travel.
You have the opportunity to travel back to your home country anytime. There are no specific limits or travel restrictions on these visas.
